Current location:politics >>
The US is now allowed to seize Russian state assets. How would that work?
politics61People have gathered around
IntroductionWASHINGTON (AP) — The big U.S. aid package for Ukraine and other allies that President Joe Biden sig ...
WASHINGTON (AP) — The big U.S. aid package for Ukraine and other allies that President Joe Biden signed Wednesday also allows the administration to seize Russian state assets located in the U.S. and use them for the benefit of Kyiv.
That could mean another $5 billion in assistance for Ukraine, coming from Russian Central Bank holdings that have already been frozen in the United States. The seizures would be carried out under provisions of the REPO Act, short for the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act, that were incorporated into the aid bill.
But it’s not likely the U.S. will seize the assets without agreement from other members of the Group of Seven nations and the European Union.
WHAT IS THE DIFFERENCE BETWEEN FREEZING AND SEIZING?
The U.S. and its allies immediately froze $300 billion in Russian foreign holdings at the start of Moscow’s invasion of Ukraine. That money has been sitting untapped — most of it in European Union nations — as the war grinds on. But roughly $5 billion of it is located in the U.S.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Grasp news portal”。http://zikyluqyjuribo.allesfuersjagen.com/physical-chemistry-of-lubricating-oils-book-25624ix.php
Related articles
Young talents key to science, tech innovation
politicsBy Lin Rupeng (China Daily) 09:40, February 28, 2024Lin Rupeng [Photo from China Higher Education]Ch ...
【politics】
Read moreBiden pardons 11 people and shortens the sentences of 5 others convicted of non
politicsWASHINGTON (AP) — President Joe Biden has granted clemency to 16 people who were convicted of non-vi ...
【politics】
Read moreTexas Instruments, Mattel rise; General Dynamics, Teledyne fall, Wednesday, 4/24/2024
politicsNEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday:Tesla Inc., ...
【politics】
Read more
Popular articles
- Britain's Gibraltar concessions with Spain just to reach a post
- Jon Bon Jovi admits he 'hasn't been a saint' in his 35
- Biden blames Trump for Florida's six
- Hazing concerns prompt University of Virginia to expel 1 fraternity and suspend 3 others
- CIIE: a vivid reality of the world sharing Chinese opportunities
- Tesla driver in deadly Seattle
Latest articles
LINKS
- Trump to meet with senior Japanese official after court session Tuesday in hush money trial
- Khloe Kardashian shares sweet photo of 'mini
- California cops, firefighters, and utility workers are earning up to $800k a year in overtime pay
- Sam Taylor
- Scottie Scheffler finishes off another win at Hilton Head
- Mississippi lawmakers move toward restoring voting rights to 32 felons
- Met Gala 2024: The theme, who's hosting and what else to know
- Maya Rudolph chimes in on the 'nepo baby' conversation revealing her famous parents
- Scottie Scheffler finishes off another win at Hilton Head
- Talling in love! Alison Hammond joins cohort of celebs couples with notable height differences